Xoom expands reach in Africa

XOOM, a leading digital money transfer provider, is expanding its service in Africa, making it easier for people in the United States to quickly and securely send money to Nigeria. With Xoom, people get the convenience of sending money on-the-go through a mobile phone, tablet or computer. Customers also get the peace of mind of having money directly deposited into their loved one’s bank account, and access to 24/7 customer service, 365 days a year.

This expansion includes an instant bank deposit service to any Nigerian Naira account, which includes First Bank Nigeria, Guaranty Trust Bank, Zenith Bank and more. Xoom’s service will allow Nigerian immigrants in the U.S. to conveniently and securely send money to bank accounts in Nigeria with their U.S. bank accounts, credit cards, or debit cards.

‘At Xoom, our goal is to make sending money around the world easier, more convenient and faster. That’s why we’re excited to extend Xoom’s services into Nigeria,’ says Julian King, senior vice president of marketing and corporate development. ‘According to the World Bank, $5.7bn is being sent to Nigeria annually from the US. With Xoom, users can now send money from their mobile phones in a few clicks and instantly deposit money into their loved ones’ bank accounts in Nigeria. No more waiting in lines at the bank to wire money or at a cash pick-up centre.’
When customers send money to Nigeria their transfer will arrive in seconds. All customers require is their recipient’s bank account number, and Xoom will instantly transfer funds to the leading banks in Nigeria. Customers can send up to $2,999 for just $4.99 when paying with their bank account.
Xoom provides locked-in exchange rates on Naira (NGN) deposits to Nigeria and a secure and convenient way for immigrants to send money from their computer, tablet, or mobile phone. Customers can download Xoom’s app for Android and iOS mobile devices for free.